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<\/p>\nCritics can hate Donald Trump’s personality all they want, but the president’s ability to forge trade deals that favor American workers shouldn’t be discounted.<\/p>\n
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EU leaders react to Trump\u2019s tariffs, trade deal<\/p>\n
European Union leaders reacted to President Donald Trump\u2019s 15% tariffs and $600B U.S. investment deal, warning of a new trade order.<\/p>\n
Between golf rounds in Scotland, President Donald Trump<\/a> secured a deal with the European Union this weekend that promises an extraordinary boon for American workers.<\/p>\n After months of negotiations, the EU succumbed to Trump’s pressure on trade, agreeing on July 27 to 15% tariffs<\/a> on many U.S. imports from Europe. The EU also agreed to buy $750 billion worth<\/a> of oil, gas and nuclear fuel from U.S. energy producers over the next three years. And Europe’s governing body agreed to invest $600 billion in U.S. operations.<\/p>\n Details on the energy and investment stipulations are vague for now. But if they happen at anywhere close to the levels promised, they will be a huge boost for the U.S. economy and drive job growth in agriculture, energy and other vital sectors.<\/p>\n Trump’s EU trade deal is fuel for US economy<\/p>\n The EU deal is a big deal on multiple fronts.<\/p>\n When Trump threatened high tariffs in April, stock markets plummeted. Critics claimed Trump was wrecking the economy, and analysts raised fears of a recession this year.<\/p>\n Three months later, the Nasdaq and S&P 500 have set multiple record highs<\/a>, job growth is strong<\/a> and forecasters expect a healthy growth in gross domestic product<\/a> when the second quarter number is released this week.<\/p>\n Opinion newsletter:<\/b> Sign up for our newsletter on conservative values, family and religion from columnist Nicole Russell. Get it delivered to your inbox<\/a>.<\/p>\n I’ve heard few critics, save perhaps comedian Bill Maher<\/a>, acknowledge that tariffs functioned as excellent leverage to persuade countries to agree to more favorable trade terms with the U.S.<\/p>\n Many of those critics underestimated the president’s negotiation skills. The Financial Times reported that one European ambassador remarked<\/a>, \u201cTrump worked out exactly where our pain threshold is.”<\/p>\n